LONDON (Bloomberg): US bank Citigroup suspended one of its highest-profile bond traders, who likely earned over £1mil (RM5.4mil), for allegedly stealing food from the company's cafeteria, according to a person familiar with the matter. Paras Shah, head of high-yield credit trading for Europe, the Middle East and Africa left Citigroup last month over the issue, the person said, asking not to be named because the matter is private. The bank suspended him following numerous allegations that he had been stealing food from its headquarters at Canary Wharf in east London, the Financial Times reported on Monday (Feb 3). Danielle Romero-Apsilos, a spokesman for the bank, declined to comment on the nature of the departure. Japan's Mizuho Bank fired a London banker in 2016 after he was caught stealing a part from a colleague's bike worth about £5.

Source: The Star February 04, 2020 14:03 UTC